I wish the White House would come up with a comprehensive statement regarding the 'petroleum industry' and its inability to control the speculation surrounding its commodities, espeically when freedom, democracy and economic stability of a global community is at stake. Does Wall Street have absolutely NO CONSCIENCE what so ever at all?
But, at any rate, with coalition members extending thoughout the Middle East there won't be excoriating gas prices at pumps anywhere.
Leaders of all nations involved in the United Nations Resolution 1973 are concerned about the global stability of the economy, the region and their own economic status. I believe all 'so called' shortages are primarily myth created by immoral speculation by Wall Street. Certainly, the global community isn't going to allow such speculation to interrupt the economic recovery of nations.
...Data published by Italy's (click title to entry - thank you) industry group Unione Petrolifera on Wednesday said that Iran's crude supply accounted for 13.3 percent of Rome's total oil imports.
Iran, the fourth-biggest oil supplier to Italy, exported 10.377 million tons of oil to the European country in 2010.
Italy's oil imports increased by 2.2 percent to reach 77.893 million tons last year, the data showed. Rome heavily relies on energy imports as they lack natural energy resources.
The surge in Italy's imports from Iran comes as the United States and its allies have imposed unilateral sanctions on Iran's energy sector.
The West accuses Iran of pursuing a military nuclear program and used this pretext to pressure the UN Security Council to impose a fourth round of sanctions against the country's financial and military sectors in June.
The Iranian officials have repeatedly refuted the charges, arguing that as a signatory to the Nuclear Non-Proliferation Treaty and a member of the International Atomic Energy Agency, Tehran has a right to use peaceful nuclear technology....
